Sterbo: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Sterbo
Largest movements
- Tangible fixed assets -€20,845
down €20,845 (-36.1%), from €57,670 to €36,826
- Receivables within one year -€9,576
down €9,576 (-17.9%), from €53,351 to €43,775
of which Other amounts receivable: -€9,875
- Cash +€4,547
up €4,547 (+33.0%), from €13,789 to €18,336
mainly Depreciation (+€21,530) and Receivables within one year (+€9,576)
- Stocks and contracts +€1,826
up €1,826 (+40.0%), from €4,563 to €6,388
- Debts after one year -€14,271
down €14,271 (-46.6%), from €30,605 to €16,335
- Reserves -€13,063
down €13,063 (-17.8%), from €73,279 to €60,216
of which Distributable reserves: -€13,063
- Trade debts +€5,628
up €5,628 (+249%), from €2,264 to €7,892
- Current portion of long-term debt -€1,751
down €1,751 (-10.9%), from €16,022 to €14,271
- Purchases and services +€18,694
up €18,694 (+15.1%), from €123,834 to €142,528
- Gross operating margin -€2,985
down €2,985 (-10.8%), from €27,680 to €24,695
- Taxes -€663
down €663 (-94.8%), from €699 to €37
- Financial charges -€649
down €649 (-24.0%), from €2,704 to €2,055
- Other operating charges +€471
up €471 (+39.0%), from €1,209 to €1,680
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,507 | €105,460 | -€24,048 | -18.6% |
| Fixed assets | 21/28 | €57,805 | €36,961 | -€20,845 | -36.1% |
| Tangible fixed assets | 22/27 | €57,670 | €36,826 | -€20,845 | -36.1% |
| Land and buildings | 22 | €91 | €61 | -€30 | -33.3% |
| Plant, machinery and equipment | 23 | €17,390 | €8,099 | -€9,291 | -53.4% |
| Furniture and vehicles | 24 | €10,546 | €7,034 | -€3,512 | -33.3% |
| Leasing and similar rights | 25 | €28,151 | €20,331 | -€7,820 | -27.8% |
| Other tangible fixed assets | 26 | €1,492 | €1,301 | -€192 | -12.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €71,702 | €68,499 | -€3,203 | -4.5% |
| Stocks and contracts in progress | 3 | €4,563 | €6,388 | +€1,826 | +40.0% |
| Contracts in progress | 37 | €4,563 | €6,388 | +€1,826 | +40.0% |
| Amounts receivable within one year | 40/41 | €53,351 | €43,775 | -€9,576 | -17.9% |
| Trade receivables | 40 | €7,454 | €7,752 | +€299 | +4.0% |
| Other amounts receivable | 41 | €45,897 | €36,022 | -€9,875 | -21.5% |
| Cash at bank and in hand | 54/58 | €13,789 | €18,336 | +€4,547 | +33.0% |
| Total equity and liabilities | 10/49 | €129,507 | €105,460 | -€24,048 | -18.6% |
| Equity | 10/15 | €79,479 | €66,309 | -€13,171 | -16.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,279 | €60,216 | -€13,063 | -17.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €71,419 | €58,356 | -€13,063 | -18.3% |
| Profit (loss) carried forward | 14 | - | -€108 | -€108 | |
| Amounts payable | 17/49 | €50,028 | €39,151 | -€10,877 | -21.7% |
| Amounts payable after more than one year | 17 | €30,605 | €16,335 | -€14,271 | -46.6% |
| Financial debts | 170/4 | €30,605 | €16,335 | -€14,271 | -46.6% |
| Amounts payable within one year | 42/48 | €19,423 | €22,816 | +€3,393 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €16,022 | €14,271 | -€1,751 | -10.9% |
| Trade debts | 44 | €2,264 | €7,892 | +€5,628 | +249% |
| Suppliers | 440/4 | €2,264 | €7,892 | +€5,628 | +249% |
| Taxes, remuneration and social security | 45 | €1,137 | €653 | -€484 | -42.6% |
| Taxes | 450/3 | €1,137 | €653 | -€484 | -42.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €123,834 | €142,528 | +€18,694 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,720 | €21,530 | -€190 | -0.9% |
| Other operating charges | 640/8 | €1,209 | €1,680 | +€471 | +39.0% |
| Gross operating margin | 9900 | €27,680 | €24,695 | -€2,985 | -10.8% |
| Operating profit (loss) | 9901 | €4,751 | €1,485 | -€3,266 | -68.7% |
| Financial income | 75/76B | €185 | €498 | +€313 | +170% |
| Recurring financial income | 75 | €185 | €498 | +€313 | +170% |
| Financial charges | 65/66B | €2,704 | €2,055 | -€649 | -24.0% |
| Recurring financial charges | 65 | €2,704 | €2,055 | -€649 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €2,232 | -€71 | -€2,303 | |
| Income taxes | 67/77 | €699 | €37 | -€663 | -94.8% |
| Profit (loss) for the period | 9904 | €1,533 | -€108 | -€1,640 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,533 | -€108 | -€1,640 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.